Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
Home»TRADING NEWS»Why developers are investing heavily in Shiba Inu (SHIB)
TRADING NEWS

Why developers are investing heavily in Shiba Inu (SHIB)

By Crypto FlexsFebruary 25, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Why developers are investing heavily in Shiba Inu (SHIB)
Share
Facebook Twitter LinkedIn Pinterest Email

Shiba Inu developers row and never rest. They are already planning the next development phase that will advance the digital asset following the successful launch of the Sheboshi NFT.

Sheboshi’s recent release has drawn the attention of enthusiasts and skeptics who see it as another attempt by Shiba Inu developers to capitalize on the market.

Shiba Inu looks forward to further advancements as the network grows.

Shiba Inu influencer Lucie shed some light on the matter. He emphasized that the developers have more practical intentions than just profits. Lucie said these initiatives are part of a broader strategy to advance the ecosystem with innovative technologies.

“This is not a pump and dump plan! We have a full breeding plan and Shiba Eternity P2E lineup ahead of us. That’s right. We know traders are jumping on the new hot item, Dn404. But for us, the actual holders of Shiboshis, the current price is not important.” Lucie Emphasize.

In recent months, Shiba Inu developers have been working diligently to improve the network beyond its origins as a meme coin, with a focus on practical utility. These efforts have resulted in various projects such as the Shibarium Layer 2 Network and the SHIB Identity blockchain identity initiative.

The buzz surrounding Sheboshi coincided with a notable increase in trading volume on the Shibarium network. Data from ShibariumScan showed a surge of 3.95 million transactions before declining to around 2.78 million at the time of reporting. This indicates increasing interest and participation within the cryptocurrency market.

This surge in trading marked a significant resurgence for the Sybarium project, which had recently seen a lull in trading activity. In fact, this uptick has had a positive impact on SHIB’s burn activity, which is up 55% over the past day and 166% over the past week.

Read More: Shiba Inu (SHIB) Price Prediction 2024/2025/2030

Shiba Inu’s Shibarium Transactions. Source: ShibariumScan

At the same time, Shibarium saw the total value of its locked assets rise, reaching the important milestone of $1 million on February 21st. However, that figure dipped slightly two days later to $926,210 before rebounding to $962,576 as of press time.

An increase in TVL indicates that more users are depositing their assets into the network to participate in decentralized finance activities, which can be a measure of investor confidence. MARSWAP, a decentralized exchange (DEX), primarily dominates Shibarium’s TVL, accounting for 54.02% of TVL (equivalent to approximately $519,000).

Despite the recent surge, TVL remains below its all-time high of $1.47 million hit in August 2023. This is the period of mainstream adoption of the Shibarium network.

disclaimer

In compliance with Trust Project guidelines, BeInCrypto is committed to unbiased and transparent reporting. These news articles aim to provide accurate and timely information. However, before making any decisions based on this content, readers are encouraged to check the facts and consult with experts. Our Terms of Use, Privacy Policy and Disclaimer have been updated.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Korean sleeves cut Tesla and pivot with encryption stocks.

September 2, 2025

NFT sales in August increased 2.78% in July 2025

September 1, 2025

Metaplanet’s bitcoin strategy is having trouble with stock plummet in the crisis of financing.

August 31, 2025
Add A Comment

Comments are closed.

Recent Posts

Cango Inc. Announces August 2025 Bitcoin Production And Mining Operations Update

September 2, 2025

BitMine Immersion (BMNR) Announces Release Of August Investor Presentation And Latest Video Message From Tom Lee, Chairman

September 2, 2025

Pioneering AI Visionary Vincent Boucher & AGI Alpha Announce A Meta‑Agentic AGI Jobs Marketplace Platform

September 2, 2025

Meme Coin Little Pepe Raises Above $24M In Presale With Over 39,000 Holders

September 2, 2025

Bybit WSOT 2025 Attracts Quadruple Squads As $8M Main Competition Commences

September 2, 2025

Duration Of The Process And Important Nuances

September 2, 2025

PrimeXBT Launches “Empowering Traders To Succeed” Campaign, Leading A New Era Of Trading

September 2, 2025

Korean sleeves cut Tesla and pivot with encryption stocks.

September 2, 2025

Are you ready to token everything?

September 1, 2025

Sign Up And Get $500, Ushering In A New Era Of BTC, XRP, And DOGE Cloud Mining

September 1, 2025

Turning Social Hype Into Token Allocation

September 1, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Cango Inc. Announces August 2025 Bitcoin Production And Mining Operations Update

September 2, 2025

BitMine Immersion (BMNR) Announces Release Of August Investor Presentation And Latest Video Message From Tom Lee, Chairman

September 2, 2025

Pioneering AI Visionary Vincent Boucher & AGI Alpha Announce A Meta‑Agentic AGI Jobs Marketplace Platform

September 2, 2025
Most Popular

BTC Future Highs: Investor Predictions Revealed; XRP, DOT, and $RBLZ dominate the whale’s cryptocurrency portfolio.

January 3, 2024

Coinbase Witnesses More Bitcoin and Altcoin Rally in Q4 Amid Favorable Macroeconomic Outlook

September 29, 2024

Bitcoin Dominance Reaches Peak? Analysts Call It Altcoin Season

September 23, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.